Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City.
Spencer Platt | Getty Images
March 16, 2020 was the day when Covid got very real for market investors. It was the week everyone realized that we would be in for a prolonged shutdown.
When the S&P 500 fell 7% shortly after the open, circuit breakers kicked in and halted trading for 15 minutes. It was the third circuit breaker halt in a week, after similar halts on March 9th and 12th.
The Dow industrials dropped 12.9%, the second biggest percentage loss post WWII (after 1987’s 22.6% drop).
The S&P 500 dropped 12%, its third biggest percentage loss.
The Nasdaq dropped 12.3%, its largest…